Premium inner south. Chapel Street fashion district, Prahran Market, and vibrant LGBTQ+ nightlife scene. Trendy and expensive.



A one-bedroom in Prahran rents for about $2,400 - $2,800/month — a safe area (safety 4/5), roughly 12 minutes from Melbourne center by tram.
Commute to Center
12 min
tram
Safety Rating
4/5
SafeVibe
Monthly rent in AUD ($). First-hand contracts come straight from the landlord or housing company. Second-hand contracts are sublets, and they usually cost more.
| Apartment Size | First-Hand Rent | Second-Hand Rent |
|---|---|---|
| 1 Bedroom | $2,200 - $2,600/mo | $2,400 - $2,800/mo |
| 2 Bedrooms | $2,800 - $3,300/mo | $3,000 - $3,500/mo |
| 3 Bedrooms | $3,500 - $4,200/mo | $3,700 - $4,400/mo |
Within AffordWhere's Melbourne dataset, a one-bedroom here averages about $2,600/month — roughly 8% above the city median, and among the pricier of the 9 areas we track. Two-bedrooms run $3,000 - $3,500/month and three-bedrooms $3,700 - $4,400/month on second-hand contracts. At 12 minutes to the center by tram, it sits about as central as most Melbourne areas in the set. On safety it rates 4/5, among the lower-rated in the city. Based on its rent, commute, and the premium, LGBTQ+, fashion tags, it may suit renters weighing rent against commute.
Weighing options? For cheaper rent, see Footscray. For a shorter commute, see Fitzroy.
Rent figures reflect official statistics compiled January 2026. See data sources.
OpenStreetMap maps Prahran as the nearest rail stop, Stonnington Gardens as nearby green space and Woolworths as the nearest supermarket around the Prahran reference point. A school and a pharmacy are also mapped within walking distance. It also shows a large number of cafés and restaurants mapped within about 700m of that point.
Amenity data from OpenStreetMap contributors, available under the Open Database License (ODbL). The extracted amenity dataset is published under the same license.
0 min walk to center
1BR from $2,400/mo
10 min tram to center
1BR from $2,200/mo
20 min tram to center
1BR from $2,100/mo
10 min metro to center
1BR from $2,300/mo
15 min tram to center
1BR from $2,000/mo
10 min tram to center
1BR from $2,100/mo
12 min metro to center
1BR from $1,800/mo
10 min tram to center
1BR from $2,200/mo
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The salary that comfortably covers life in Melbourne, Prahran included.
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